Maturing nicely
The Pensions Act 1995, introduced in the wake of the issues surrounding Robert Maxwell and his access to the Mirror Group pension funds, has been with us for some time now.
However, the Pensions Regulator (formerly OPRA) is getting increasingly concerned that the trustees of many schemes are not paying sufficient heed to the obligations imposed on them, in particular the timetable for making audited accounts available to their members.
Reeves+Neylan act as auditors for a large number of pension funds and can advise trustees on the implications of the Act. We have considerable experience in advising on all aspects of pension schemes such as SSASs (Small Self-Administered Schemes) and SIPPs (Self-invested Personal Pensions) which are also becoming increasingly attractive for those clients who wish to assume a more active role in the management of their own funds.
The Government is in the process of muddying the waters (in the guise of simplification!) still further with recent proposals likely to result in further changes to already complex regulations over the next few years.
Whatever the pension arrangement, we can help both companies and individuals select the most appropriate and effective course of action.